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Hyperlocal deliveries fuel 300% stock rise for Shopee ownerShopee, owned by Sea Ltd., has experienced a remarkable resurgence in Southeast Asia's e-commerce market, with its stock soaring. This come...- Delhivery’s chief customer experience officer Abhik Kumar Mitra resignsMitra was the chief executive of Spoton — a logistics firm Delhivery acquired in 2021 before its initial public offering (IPO) for about $3...
- Delhivery’s ecommerce shipments market share slips to 21% in FY23Delhivery's market share is expected to further fall to 19% by FY30, according to a report by brokerage firm Bernstein.
- Singapore's Sea cuts more jobs at ecommerce unit Shopee: reportIn September, Bloomberg reported that Sea cut 3% of employees at the Indonesian unit.
- Expect ecommerce volumes to grow 15-20% in 2023: Delhivery CEO Sahil BaruaWhile some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of e-commerce remains positive...
- Singapore-based Sea Ltd laid off 10% of workforce over past six months: reportSingapore-based Sea Ltd has laid off more than 7,000 employees, or around 10% of its workforce, over the past six months, the Information r...
- Ecommerce firm Shopee tells sacked employees to pay for computersIn recent weeks, Southeast Asia's largest ecommerce firm has cut jobs in various countries and shut down some overseas operations. Shopee's...
- Sea Ltd shuts operations in some Latam countries, cuts Free Fire staff in ShanghaiShopee Chief Executive Chris Feng said in an internal email seen by Reuters that "in light of the current elevated macro uncertainty," Sea ...
- Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offersFour people interviewed by Reuters who have participated in a WeChat group of some 60 people that was set up to discuss Shopee's withdrawal...
- Alibaba looks to expand its Southeast Asian arm Lazada to EuropeThe move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
- No more Shopee-ing in India!Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to compete in the low-end of online reta...
- Singapore’s Shopee decides to abruptly shut India businessShopee announced the development to its local team in a companywide town hall on Monday, saying it will cease to operate in India immediate...
- Govt’s data use policy sparks concerns; Shopee exits India; Pine Labs bags $50MIndustry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also se...
- Shopee quits India in six months; crypto exchanges evaded Rs 81.54 crore GSTSingaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided to shut its operations here.
- CCI dismisses complaints against Shopee and AmazonWhile Singapore-based Shopee had faced allegations that its method of operations was like dominant ecommerce platforms Amazon and Flipkart,...
- CCI dismisses complaints against Shopee, AmazonCCI said Shopee was launched in November 2021 at a time when there were many existing players - Amazon, Flipkart, Myntra and Nykaa - and so...
- CAIT calls for a ban on Shopee following govt ban on 54 Chinese apps"Surprised Chinese company Shopee is not there in the list of ban apps. Though it has the same parent company Garena Free Fire and is owned...
- Sea looks to raise $6.3 billion in Southeast Asia's biggest fundraisingSea is looking to sell 11 million American Depository Receipts with the option to offer 1.65 million more as part of a so-called greenshoe ...
- Shopee tests India e-commerce market dominated by Amazon, FlipkartSingapore-headquartered Sea Ltd's Shopee has launched a recruitment campaign for sellers to sell on "Shopee India" and is ramping up hiring...
- Singapore's Shopee changes the game in Brazil's ecommerce sectorShopee took just two years to become Brazil's most-downloaded shopping app, winning users to its low-cost marketplace with its game-changin...
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